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Services in Switzerland - Structure, Performance, and Implications of European Economic Integration (Paperback, Softcover reprint of the original 1st ed. 1993)
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Services in Switzerland - Structure, Performance, and Implications of European Economic Integration (Paperback, Softcover reprint of the original 1st ed. 1993)
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by RolfM. Jeker, Federal Office for Foreign Economic Affairs
Services have only quite recently become an important issue in
foreign economic policy and particularly in international trade
negotiations. Trade policy was traditionally perceived to deal
almost exclusively with exports and imports of goods. The
increasing importance of services both nationally and
internationally is, mainly, due to the gains in agricultural and
industrial productiv ity (freeing resources for services
activities), and the progress in communication technology,
facilitating trade in invisibles. Notable examples of contractual
and legal frameworks for services in international trade relations
are the internal market program of the European Community extended
by the Agreement on the European Economic Are. a (EEA) to EFTA
countries, the multi lateral Uruguay-Round negotiations under the
auspices of the GATT on a General Agreement on Trade in Services
(GATS), and the North American Free Trade Agreement (NAFTA) signed
by the United States, Canada and Mexico. This trend is of
particular significance to Switzerland, a country where services
contribute about 65% to the value added of the economy, a share
which will probably still increase somewhat. Ser vices also
contribute to an important extent to the traditional surplus in the
current account of the Swiss balance of payments. Switzerland
clearly has comparative advantages in the field of ser vices, as is
well demonstrated by its long and successful tradition in key
services sectors like banking, insurance, tourism, consulting and
engineering."
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